175
175
Jan 12, 2013
01/13
by
KQEH
tv
eye 175
favorite 0
quote 0
we'd be looking at deficits. >> $6 billion to $8 billion. >> yes. basically what we have in this budget proposal, what the governor's put forth is essentially $4.1 billion more just to k-12 and higher education. breaks down roughly to about $1 billion to higher ed and $2.7 billion more going in in this forthcoming budget year for k-12. that money and the money that has been, has shored up this year's figures would be gone. it would not be there. and we'd be at the historic low spending that we have had for years. frankly, you know, he's contemplating having $2,700 more state funding per student by 2016-2017. we've been on the decline for that for years. we're somewhere down around 4 44t9th in per student state spending. this is going to lift us out of the pit. >> it has potential. people are looking the at this potential and say this could be the real deal but we have to wait to see the real numbers. >> exactly. >> it has been praised by a lot of people. >> from both sides of the aisle. >> both sides. the good news there, there's more good news, rig
we'd be looking at deficits. >> $6 billion to $8 billion. >> yes. basically what we have in this budget proposal, what the governor's put forth is essentially $4.1 billion more just to k-12 and higher education. breaks down roughly to about $1 billion to higher ed and $2.7 billion more going in in this forthcoming budget year for k-12. that money and the money that has been, has shored up this year's figures would be gone. it would not be there. and we'd be at the historic low...
44
44
Dec 28, 2013
12/13
by
KQEH
tv
eye 44
favorite 0
quote 0
only three years ago when brown took office we had a $26 billion deficit, the largest deficit in the history of california. people were comparing california to greece. it was being put on again as it is every 15 or so years. national magazine covers as the failed golden state. we went from minus 26 to plus two. the surplus is expected to go to plus 5 billion. brown was able to do this through luck and skill. first through luck. the economy got better on his watch. capital gains taxes went way up. the state got more money. he also was able to successfully push through a tax increase, raise taxes on rich people, raise the sales tax. is that brought more money in. he kept liberal democrats in sacramento in check and didn't let them spend the way they wanted. also the republicans have been so completely muted as a party, they have no way to block anything. brown is riding a nice wave right now and he's 40 points ahead in the polls for november. >> he's often referred to as the only adult in it the room. if you think back to the 1970s, he was referred to as the moon beam governor because
only three years ago when brown took office we had a $26 billion deficit, the largest deficit in the history of california. people were comparing california to greece. it was being put on again as it is every 15 or so years. national magazine covers as the failed golden state. we went from minus 26 to plus two. the surplus is expected to go to plus 5 billion. brown was able to do this through luck and skill. first through luck. the economy got better on his watch. capital gains taxes went way...
68
68
Mar 2, 2013
03/13
by
KQEH
tv
eye 68
favorite 0
quote 0
we just have to worry about the deficit. president obama coming off from an election victory thinks, believes strongly that it's not going to be just about all cuts. it's going to have to be about some revenue raises as well. i think both sides are pretty firmly stuck in that position for the time being. if things get really, really bad, i mean if air traffic is horribly disrupted or something horrible happens, you know, then i think probably both sides are going to have to think again. >> do you think the obama administration was, perhaps, overconfident in thinking this could be averted? in that they released over the weekend a report with a breakdown for various states detailing how those states would be affected by the sequester including california. why did they wait so long to release that report? wouldn't it have made more sense to release it weeks ago when the public would have said, oh, that's what's going to happen to our programs? >> i don't think they had the numbers that early. i think the administration was wait
we just have to worry about the deficit. president obama coming off from an election victory thinks, believes strongly that it's not going to be just about all cuts. it's going to have to be about some revenue raises as well. i think both sides are pretty firmly stuck in that position for the time being. if things get really, really bad, i mean if air traffic is horribly disrupted or something horrible happens, you know, then i think probably both sides are going to have to think again....
92
92
Nov 27, 2013
11/13
by
KQEH
tv
eye 92
favorite 0
quote 0
he cut the deficit at its highest point. happen, evenings if nothing happened in america, mine,ildren who look like they all of a sudden see themselves different than they had before. i think that has a value. how it lays out is anyone's guess. the sad thing about two-term presidents is the last term is about what they will put in their library. tavis: you can still find his tv show. you can still find him for standup. >> we live in a country right now where it is harder to buy two packs of sudafed than 10,000 rounds of ammunition. when i look at aaron alexis, the man who shot the naval shipyard. he had a mental illness. his mental illness did not disqualify him from owning a gun but did not qualify him for help. things that many are ironic, that are so sad, that i owe his think if you look at it from an ironic vantage it a littlen digest more. it's a really funny time. i want to ask you a question. workder if that line will in a bar. trust me, i am a talkshow host. >> when women know you have got a tv show, good things happ
he cut the deficit at its highest point. happen, evenings if nothing happened in america, mine,ildren who look like they all of a sudden see themselves different than they had before. i think that has a value. how it lays out is anyone's guess. the sad thing about two-term presidents is the last term is about what they will put in their library. tavis: you can still find his tv show. you can still find him for standup. >> we live in a country right now where it is harder to buy two packs...
70
70
Feb 23, 2013
02/13
by
KQEH
tv
eye 70
favorite 0
quote 0
the top issue is deficit control. sent% say it's urgent but obama has not yet put forward a budget this year or pushed deficit control. more over, his state of the union address contained $84 billion in new spending proposals. can you speak to that, mort? >> i think that's a legs mutt concern because that is an issue that could really unravel the economy. nobody knows exactly when or how. it is one of those stories where hemingway captured it when he said the two characters, how did you go bankrupt? two ways. first slowly, then suddenly. something could happen, it could be very serious. nobody knows. the financial markets could lose confidence in the american economy, then we ode have a major thing. something has to be done. >> was that your take or did he really say that? >> no, no, did he say that. >> the first graphic you showed, do we really think, eleanor, out of those 74% they think the only way to do it is cut taxes? they want to see spending cuts and that we have not seen the president offer yet. >> he has tot
the top issue is deficit control. sent% say it's urgent but obama has not yet put forward a budget this year or pushed deficit control. more over, his state of the union address contained $84 billion in new spending proposals. can you speak to that, mort? >> i think that's a legs mutt concern because that is an issue that could really unravel the economy. nobody knows exactly when or how. it is one of those stories where hemingway captured it when he said the two characters, how did you...
71
71
Nov 2, 2013
11/13
by
KQEH
tv
eye 71
favorite 0
quote 0
larger deficits. you know, that is what it boils down to. and that's, you know, you cannot say that. i mean, i've talked to people in the administration, talked to people in congress, they go, "oh, i'll get killed if i say that." well, some of them got to say it because that happens to be true. >> do you believe it? >> absolutely. i mean, if you want to look at the economy in a very simple way, we'll just get rid of the import-export sector because for the u.s., this won't change the story. you've got households, you've got the government, you've got businesses. households tend to be net savers because people save for retirement and emergencies. businesses we like to think of businesses as being net borrowers because businesses invest and spend. and then therefore the notion is -- the reason that a lot of people are opposed to government running deficits is that they're afraid that the government will borrow and crowd out business investment. the fact is that businesses even in the last expansion under bush were net saving, which is -- so ba
larger deficits. you know, that is what it boils down to. and that's, you know, you cannot say that. i mean, i've talked to people in the administration, talked to people in congress, they go, "oh, i'll get killed if i say that." well, some of them got to say it because that happens to be true. >> do you believe it? >> absolutely. i mean, if you want to look at the economy in a very simple way, we'll just get rid of the import-export sector because for the u.s., this won't...
67
67
Feb 16, 2013
02/13
by
KQEH
tv
eye 67
favorite 0
quote 0
mort, what was our trade deficit with europe all year? over $100 billion. last year john we had the largest trade deficit in world history between two nationsing, $315 billion with klein. the united states has been getting its clock cleaned for the last 25 years. where do you think all our factories and jobs have gone? they have gone overseas. >> this is the counter weight to china. that is why it is going to work. >> mort, hold on, tim. mort has some inside wisdom on this. he predicted it. go ahead. >> i think you will have a much larger market. you can have your manufacturing base that will be completely expanded cost per unit will go down, we'll be much more competitive vis a vis countries like china, >>> predictions pat? >> that $9 minimum wage is dead john. it will go nowhere because the national federation of independent businesses has come out hard against it. >> do you think the states ought to fix that minimum wage? >> i think states ought to set the minimum wage yeah. >> eleanor. >> it may be dead this congress but there is another congress pat. >
mort, what was our trade deficit with europe all year? over $100 billion. last year john we had the largest trade deficit in world history between two nationsing, $315 billion with klein. the united states has been getting its clock cleaned for the last 25 years. where do you think all our factories and jobs have gone? they have gone overseas. >> this is the counter weight to china. that is why it is going to work. >> mort, hold on, tim. mort has some inside wisdom on this. he...
584
584
Jan 12, 2013
01/13
by
KQEH
tv
eye 584
favorite 0
quote 0
and japan famously has run deficits year after year. and it has a level of debt that is about twice what we've got as a share of gdp. and people have been predicting financial catastrophe for japan year after year for ten years or more. they've had downgrades. their debt was downgraded in 2002 by the major rating agencies. and everybody who believed those warnings and everybody -- has lost a lot of money. so it turns out that if you're an advanced country with its own currency and a reasonably stable government, you have a lot of running room on these things. so am i worried? yeah, i mean, i am worried about the u.s. fiscal situation 20 years from now. we do have a problem of health care costs and so on. but, you know, i'm worried about a lot of other things 20 years as well. i'm not sure that even if you take that long term perspective, that the budget should be at the top of your list of things to be afraid of. i'm a lot more afraid, actually, of the great -- the entire southwest of the united states turning into a dustbowl because of
and japan famously has run deficits year after year. and it has a level of debt that is about twice what we've got as a share of gdp. and people have been predicting financial catastrophe for japan year after year for ten years or more. they've had downgrades. their debt was downgraded in 2002 by the major rating agencies. and everybody who believed those warnings and everybody -- has lost a lot of money. so it turns out that if you're an advanced country with its own currency and a reasonably...
100
100
Aug 31, 2013
08/13
by
KQEH
tv
eye 100
favorite 0
quote 0
that means we are still at a deficit of 2 million jobs. >> do you have the impression sitting here as five auditors? >> i hope not. >> you want to do anything with these numbers before we all collapse of bored em? >> ? >> all of us who work in print and media have seen what happens with the seismic changes like amazon and the new internet economy that we are in. this also offers a lot of opportunities. jeff bazo's taking over the washington post, for example. he understands distribution, how to get books out right away. the post knows newspapers. >> this is the future economy. ordering stuff over the web and getting it shipped. >> the largest employer in america, john, 40s, general motors, ford was number two. now it's walmart and amazon.com and mcdonalds. look at those guys. they're good jobs for kids coming out of school but you have grown people, retired people and others. it's turned into a service economy and the grade industrial productive nation exported its factories to china. >> walmart -- >> do they come and go, according to sales? >> they come and go. >> walmart would refut
that means we are still at a deficit of 2 million jobs. >> do you have the impression sitting here as five auditors? >> i hope not. >> you want to do anything with these numbers before we all collapse of bored em? >> ? >> all of us who work in print and media have seen what happens with the seismic changes like amazon and the new internet economy that we are in. this also offers a lot of opportunities. jeff bazo's taking over the washington post, for example. he...
167
167
Jan 5, 2013
01/13
by
KQEH
tv
eye 167
favorite 0
quote 0
government is not just its annual deficit, but its total liabilities. our federal balance sheet does not include our unfunded social insurance obligations. medicare, social security, and the future retirement benefits of federal employees. only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitment. today, the estimated unfunded total is more than $87 trillion. that's 550% of our current gdp, gross domestic product. and the debt per household is more than 10 times the median family income. of course, we can go on whistling in the dark, until we run into the reality of a crisis we sometimes hear vaguely mentioned. when it is mentioned at all. unquote. >> that was an earlier column. have you had a chance to sleep on this? do you want to retract any of that? >> that is pretty scary stuff, mort? >> it is scary stuff. and i think a lot of people who who have followed this issue closely share the same view. this is not something i dreamt up. this is a very serious problem facing this country. and an
government is not just its annual deficit, but its total liabilities. our federal balance sheet does not include our unfunded social insurance obligations. medicare, social security, and the future retirement benefits of federal employees. only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitment. today, the estimated unfunded total is more than $87 trillion. that's 550% of our current gdp, gross domestic product. and the debt per...
61
61
Mar 23, 2013
03/13
by
KQEH
tv
eye 61
favorite 0
quote 0
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
94
94
Oct 15, 2013
10/13
by
KQEH
tv
eye 94
favorite 0
quote 0
number two, despite the budget deficit, it is plummeting. we get the numbers on the previous fiscal year, these will be shocking figures showing that the deficit is falling dramatically. >> in a few words, greg, does the government open by the end of the week and what if there is no deal, real quickly? >> yeah, i think it opens by the end of the week, but we still have a lot to get done. >> all right, chief strategist at the potomac group research. >>> and with no real deal on reopening the government, companies big and small are left in the lurch. and they can't make long-term spending and planning decisions. mary thompson has more. >> reporter: as lawmakers battle over the budget, the corporations face a struggle of their own, how to plan for next year. here is the ceo trader, bill gerber. >> i think people are just not able to assess because the markets are so uncertain, on where they should be, the type of environment they should be in. so people get in a wait and see mode. >> reporter: for over a year, americans kept a tight grip on the
number two, despite the budget deficit, it is plummeting. we get the numbers on the previous fiscal year, these will be shocking figures showing that the deficit is falling dramatically. >> in a few words, greg, does the government open by the end of the week and what if there is no deal, real quickly? >> yeah, i think it opens by the end of the week, but we still have a lot to get done. >> all right, chief strategist at the potomac group research. >>> and with no...
91
91
Oct 11, 2013
10/13
by
KQEH
tv
eye 91
favorite 0
quote 0
borrowing limit that tyler just told you about in exchange for a promise to negotiate over the long-term deficit reduction and a tax overhaul. but reopening the government is not part of that republican offer. john harwood has the latest on the white house. john, what are you hearing? i know you've been on the phone. >> well, that's a reason that the president may have rejected the republican offer is because it doesn't reopen the government. the president's condition, remembers, have been both reopen the government, raise the debt limit, then we'll negotiate about the budget. the speaker was trying to walk a line today saying we'll do one and not the other. they have had this hemeeting. more talks will continue. the president feels enough confidence in his position and a new nbc wall street journal poll shows republicans are losing the fight for public opinion. that emboldened the president to say no, we'll not take the deal on your terms. >> do the poll numbers indicate the gop is being blamed for both issues, the debt ceiling debate and government shutdown? is that the reason that their posit
borrowing limit that tyler just told you about in exchange for a promise to negotiate over the long-term deficit reduction and a tax overhaul. but reopening the government is not part of that republican offer. john harwood has the latest on the white house. john, what are you hearing? i know you've been on the phone. >> well, that's a reason that the president may have rejected the republican offer is because it doesn't reopen the government. the president's condition, remembers, have...
93
93
May 7, 2013
05/13
by
KQEH
tv
eye 93
favorite 0
quote 0
ourbudget deficit, in fact budget debt at the end of world war ii was much greater than it is now. but instead of hunkering down and cutting the budget, what we did in the 1950's was invest in our work force, invest in college education, invest in retraining. we created the interstate highway system and invested in the infrastructure. we built the middle class and helped poor people get into the middle class. it is what we are not doing now. tavis: i am frustrated consistently by this pseudo debate in washington. words make a difference and words have meaning, and you keep using the word investment. i agree with the that in these kinds of outlays, these kinds of budget priorities would in fact be read by me and many other fellow citizens as investments, but you have folks on the right who don't read it as an investment, they read it as trying to spend your way out of the mesh or in, and you don't dig deeper hole by spending money that you don't have. you have to live within your means. you have heard this rationale time and time again. talk to me about the difference between what y
ourbudget deficit, in fact budget debt at the end of world war ii was much greater than it is now. but instead of hunkering down and cutting the budget, what we did in the 1950's was invest in our work force, invest in college education, invest in retraining. we created the interstate highway system and invested in the infrastructure. we built the middle class and helped poor people get into the middle class. it is what we are not doing now. tavis: i am frustrated consistently by this pseudo...
459
459
Mar 13, 2013
03/13
by
KQEH
tv
eye 459
favorite 0
quote 0
the obama white house wafrted little time in criticizing the budget, when it comes to reducing the deficit the math doesn't add up and the middle class will pay the price. >> this is the alternative to balance. it results in unfair tax hikes on middle-class americans and it results in undue burden on middle-class americans. >> this afternoon, the president met with senators from his own party, just the details of the budget plan surfaced and that plan will call for $1.85 trillion in deficit reduction and evenly split from tax increases from closing loopholes and spending cuts. the white house says the contrasting budget plans and the president's blueprint which will be released in early april with negotiations to follow are a return to what washington calls regular order? while both budget plans are dead on arrival in their opposing houses, tomorrow president obama will return here to capitol hill to meet with house republicans in what the white house calls an effort to engage lawmakers in the budget process. it's also being dubbed his charm offensive. for nightly business report, i'm hamp
the obama white house wafrted little time in criticizing the budget, when it comes to reducing the deficit the math doesn't add up and the middle class will pay the price. >> this is the alternative to balance. it results in unfair tax hikes on middle-class americans and it results in undue burden on middle-class americans. >> this afternoon, the president met with senators from his own party, just the details of the budget plan surfaced and that plan will call for $1.85 trillion in...
70
70
Apr 13, 2013
04/13
by
KQEH
tv
eye 70
favorite 0
quote 0
for years the debait in this town has raged between reducing our deficits at all costs, and making the investments necessary to grow our economy. this budget answers that argument, because we can do both. >> president obama's $3,788,000,000,000 budget blueprint is a game changer. here are highlights from the 2500-page document. item. taxes. up $1 trillion dollars over ten years. that's on top of this january's $600 billion tax hike. item. domestic spending. up $1.058 trillion total. repeals the sequester, cuts, funds preschools, highways, green energy. item. defense spending down $500 billion. bases closed, weapons canceled. thousands of jobs cut. higher medical fees for veterans. item, social security crimped. new cost of living the so- called chained cpi, cost retirees $130 billion over ten years. item. medicare. cut. $370 billion. doctors lose pay, seniors pay higher premiums and fees. these cuts are on top of the $700 billion obamacare cut from medicare's budget. item. public debt doubles. public debt soars from 40.5% of gross domestic product in 2008 to 78.2% of gdp, in 2014. unde
for years the debait in this town has raged between reducing our deficits at all costs, and making the investments necessary to grow our economy. this budget answers that argument, because we can do both. >> president obama's $3,788,000,000,000 budget blueprint is a game changer. here are highlights from the 2500-page document. item. taxes. up $1 trillion dollars over ten years. that's on top of this january's $600 billion tax hike. item. domestic spending. up $1.058 trillion total....
115
115
Apr 6, 2013
04/13
by
KQEH
tv
eye 115
favorite 0
quote 0
those numbers are really dismayingly low, particularly in the cop text of a trillion dollar national deficit and a trillion dollar input of money through the federal reserves. so with the most aggressive sometime lie, both monetary and physical this is all we can do. we've got real problems in the economy, and they're not being cured. the policies that are followed have really not helped. >> >> 81,000 new jobs. but before that the experts had predicted 190,000. >> that's right. that's a very low number. we need 150,000 to 200,000 every month just to stay even, and close to 300,000 to be able to make a dent in the unemployment. >> was that low number of jobs created due to sequestration? >> no, it was not due to sequestration. it was due to the fact that we have a very weak economy that is not being cured. >> why did retail jobs fall 51,000? >> because retailing is falling off the edge of the cliff. that's the real problem. >> not because of consumer spending. >> the real problem? and what follows from that? >> we may have -- yes, it is a very big problem. we may have -- we have such a low gr
those numbers are really dismayingly low, particularly in the cop text of a trillion dollar national deficit and a trillion dollar input of money through the federal reserves. so with the most aggressive sometime lie, both monetary and physical this is all we can do. we've got real problems in the economy, and they're not being cured. the policies that are followed have really not helped. >> >> 81,000 new jobs. but before that the experts had predicted 190,000. >> that's...
69
69
May 15, 2013
05/13
by
KQEH
tv
eye 69
favorite 0
quote 0
the budget deficit will be smaller, a lot smaller. they predict the federal budget deficit will be $642 billion. that's down more than $200 billion from the estimate in february. so why the change? well, spending cuts are one thing. higher tax revenues in part from a healthier economy are another. more companies are paying back uncle sam for their bailout loans. >> it's not just the government getting into better financial shape but so are the rest of us. new statistics from the federal reserve show that americans are doing a lot less borrowing these days. ha ha hamt p ton pearson has more on what that means. >> reporter: households lightened their deficits by $110 billion. debt payments increased and delinquency rates fell across the board on everything from home mortgages, home equity loans and credit cards. people like bradford elder who has been on a self-prescribed diet. >> as the economy improves people are much more cognizant of the amount of debt they're taking on. what kind of debt is it? risky debt, revolving credit card deb
the budget deficit will be smaller, a lot smaller. they predict the federal budget deficit will be $642 billion. that's down more than $200 billion from the estimate in february. so why the change? well, spending cuts are one thing. higher tax revenues in part from a healthier economy are another. more companies are paying back uncle sam for their bailout loans. >> it's not just the government getting into better financial shape but so are the rest of us. new statistics from the federal...
82
82
Feb 9, 2013
02/13
by
KQEH
tv
eye 82
favorite 0
quote 0
>> the money supposedly is going to reduce the deficit. but the problem is, the sequestration is indiscriminate. if you let leon panetta do those cuss and figure out where they should come from and did it with a scalpel that would be fine. but i think the defense department can handle this. the president is not going to come up with cuts and programs that he wants if the republicans don't say what they want. whether they want it to be the virgin birth of spending cuts. >> ryan, you and i know that the 95 billion goes back in the private sector. what happens to it then? then it becomes much more lucrative than 85 billion because it's reinvested. where? in private enterprise, correct? >> it doesn't necessarily go back into the private sector. it van issues. >> how does that happen? >> they don't borrow. >> it's not being borrowed. >> but if it's still -- if it's no longer borrowed, and in the private sector where it is functioning under the rules of -- >> sitting in the banks. >> and the program matt sound capitalism. issue three. gop soul s
>> the money supposedly is going to reduce the deficit. but the problem is, the sequestration is indiscriminate. if you let leon panetta do those cuss and figure out where they should come from and did it with a scalpel that would be fine. but i think the defense department can handle this. the president is not going to come up with cuts and programs that he wants if the republicans don't say what they want. whether they want it to be the virgin birth of spending cuts. >> ryan, you...
87
87
Oct 19, 2013
10/13
by
KQEH
tv
eye 87
favorite 0
quote 0
they want long-term deficit reduction. he should put some things on the table as we have seen this. but if you are all about winners and losers, we don't want to forget about the international side of this, which is a huge loser for this. america around the world. why was president obama suppose to be as this kicked off. he was suppose to be on a really important tour trip of asia, yet the asian allies were very worried about the rise of china. the country where i used to be posted. they wanted to seat american warships, playing their role as a free trade refugee. obama was going to go and reassure the asian allies, making this pivot to asia as he will need to do that. and he could not set it off. and their own domestic policies, they were in the white house with some interviews as the passports came back from the travel office for all the guys that were suppose to be on the asia trips, handing out the american passports because they were grounded in washington as i sat on the national security council. that's a really horrible thing to see. if you want to see america play a big par
they want long-term deficit reduction. he should put some things on the table as we have seen this. but if you are all about winners and losers, we don't want to forget about the international side of this, which is a huge loser for this. america around the world. why was president obama suppose to be as this kicked off. he was suppose to be on a really important tour trip of asia, yet the asian allies were very worried about the rise of china. the country where i used to be posted. they wanted...
36
36
Jun 15, 2013
06/13
by
KQEH
tv
eye 36
favorite 0
quote 0
with summertime approaching, there is concern the system will not be able to accommodate such a power deficit. the decision to close this plant was fairly abrupt, even though it was shut down in january of 2012. >> it was. it's been a very contentious process for the company that southern california operates. it's been contentious to convince the community and government regulators to let them do it. that's where things fell apart. it looked like in order to get permission to restart the plant, they were going to have to go through a series of public hearings. how much it was going to cost and all that stuff. they didn't have a good idea how long that process was going to take. in the meantime, every day it's closed, they're having to buy replacement power. the license on this plant doesn't last much longer. it expires in 2022. they basically just said, okay, we're throwing in the towel. >> they had to buy -- they had to find resources for energy in the meantime. they were able to fill that v vacuum. >> they spent a half a million dollars in the last year. >> there are some concerns that yes,
with summertime approaching, there is concern the system will not be able to accommodate such a power deficit. the decision to close this plant was fairly abrupt, even though it was shut down in january of 2012. >> it was. it's been a very contentious process for the company that southern california operates. it's been contentious to convince the community and government regulators to let them do it. that's where things fell apart. it looked like in order to get permission to restart the...
98
98
Jun 12, 2013
06/13
by
KQEH
tv
eye 98
favorite 0
quote 0
job and can't find one and are worried about the economic impact when the economy is weak with huge deficits? >> that's a little bit of a false concern. i think on the one hand as steve points out, we're losing access to great minds that can help propel it. we have people available to work with today's high unemployment rate and i don't believe the regularization of undocumented folks would led to a substantial supply that would compete for those seeking work here. on the other hand and i think more importantly, suzy, having a regular utilized immigration system will enhance for demands for companies like many and others and the housing market, which is essential to the growth in this country that would led to a better outcome for everyone, including those seeking work. >> what would immigration reform mean to your business? >> it would enhance the demand for those who find their circumstances in this country predictab predictable. it would lead to invasion for folks staying in this country as steve proposes and in terms of our being able to find the most talented people to serve our guests
job and can't find one and are worried about the economic impact when the economy is weak with huge deficits? >> that's a little bit of a false concern. i think on the one hand as steve points out, we're losing access to great minds that can help propel it. we have people available to work with today's high unemployment rate and i don't believe the regularization of undocumented folks would led to a substantial supply that would compete for those seeking work here. on the other hand and i...
66
66
Jul 20, 2013
07/13
by
KQEH
tv
eye 66
favorite 0
quote 0
all the people worried about the deficits don't seem to care about that. the border is pretty well enforced. hardly anyone is coming across anyway. just a political ploy. >> 1.6 million new workers a year to compete against americans with a 17.6% current underemployment rate for jobs. the 1.6 million new work of visas will span every industry from tourism to high-tech to blue college jobs. at the present rate of the job creations it takes eight months to create that many new jobs. >> exactly. and i will speak to that. let me speak to that. h1vs, when they come in and take jobs of the middle class jobs, engineers, you take folks coming in from the service city, the third world. you have black unemployment twice as high. now, what in heaven's name are you bringing in millions of people and giving amnesty to millions of people when our own folks aren't working? and would they help the economy? but would they help the economy? >> they do create jobs. they find the force of 500 businesses from google. etc. and they also help to raise, well, you know to make the
all the people worried about the deficits don't seem to care about that. the border is pretty well enforced. hardly anyone is coming across anyway. just a political ploy. >> 1.6 million new workers a year to compete against americans with a 17.6% current underemployment rate for jobs. the 1.6 million new work of visas will span every industry from tourism to high-tech to blue college jobs. at the present rate of the job creations it takes eight months to create that many new jobs....
57
57
Jun 22, 2013
06/13
by
KQEH
tv
eye 57
favorite 0
quote 0
the national deficit. and he had to fund it. and he financed it through the qe3, q e2 and qe1, pulling the interest rates down to the lowest that they have been in my lifetime and therefore yours too pat. it stimulated the economy to a degree to the extent it could. there are other factors that have made this recovery the weakest it's been. we just didn't have a 2% rate of growth over the last four years. it is the lowest rate of growth in the context of the biggest fiscal stimulus and monetary stimulus in the history and we have been unable to have any kind of breakout and have the economy grow on its own. >> wait a minute. what is bernanke worried about? >> he's got to worry about a collapse. >> he's worried about inflation. he is an inflation hawk. in the light of that, in light of the conviction of that and in light of the reality of his conviction, namely the inflation is really worrisome, stay away from that, he embarks on the qe program. >> no. no. those were not the connections, john. what he was worried about was a coll
the national deficit. and he had to fund it. and he financed it through the qe3, q e2 and qe1, pulling the interest rates down to the lowest that they have been in my lifetime and therefore yours too pat. it stimulated the economy to a degree to the extent it could. there are other factors that have made this recovery the weakest it's been. we just didn't have a 2% rate of growth over the last four years. it is the lowest rate of growth in the context of the biggest fiscal stimulus and monetary...
76
76
Jun 1, 2013
06/13
by
KQEH
tv
eye 76
favorite 0
quote 0
he said we just came through a decade of terrible budget deficits. billions of dollars that we had to cut every single year. let's be really careful with this and conservative in the amount of taxes we will get and take the extra money and let's save it. >> what are the lawmakers saying? >> they are saying, we have cut and cut and cut. now we have a lot of democratic votes here. let's restore funding for schools. let's restore funding for public services and let's give more money to the corps that are keeping their funding level. we are about $2 billion apart here. if you go back over the last two years, that's nothing. there is still a lot of differences hashed out in the next few weeks. >> they will reconcile or trying to reconcile because they need to pass a budget by june 15th. does governor brown have the upper hand in this? he is doing phenomenally well in public opinion polls. he is being referred to as the only adult in the room when problems need to be fixed. does he have the upper hand? >> you are right, he is enjoying this moment in the su
he said we just came through a decade of terrible budget deficits. billions of dollars that we had to cut every single year. let's be really careful with this and conservative in the amount of taxes we will get and take the extra money and let's save it. >> what are the lawmakers saying? >> they are saying, we have cut and cut and cut. now we have a lot of democratic votes here. let's restore funding for schools. let's restore funding for public services and let's give more money to...
108
108
Nov 14, 2013
11/13
by
KQEH
tv
eye 108
favorite 0
quote 0
. >>> 16 day partial government shut down helped lore the nation's federal deficit for october. the treasury said the government ran a 91 billion-dollar short fall last month, 25% lower than the deficit uncle sam racked up during the same month a year ago. >> one of the sticking points that led to the partial government shutdown, a losing effort by house republicans to repeal a tax on medical devices. but chief executives have picked up the fight heading to the nation's capitol today to tell how it's hurting businesses and jobs. jane wells has more. >> end the shutdown. >> end the shutdown. >> reporter: the government shutdown may be over but one fight in the middle of it is not. >> what are we doing by taxes medical devices. >> reporter: a group of ceos hit capitol hill to lobly for a repeal on the tax they make. a 2.3% tax on everything from mri machines to stints. ♪ ♪ >> reporter: the taxes hit a silicon valley start up, they use coles to relief pain. sales should reach $10 million this year but client cornell says most are overseas where there is no tax. >> the device ta
. >>> 16 day partial government shut down helped lore the nation's federal deficit for october. the treasury said the government ran a 91 billion-dollar short fall last month, 25% lower than the deficit uncle sam racked up during the same month a year ago. >> one of the sticking points that led to the partial government shutdown, a losing effort by house republicans to repeal a tax on medical devices. but chief executives have picked up the fight heading to the nation's capitol...
80
80
Jun 29, 2013
06/13
by
KQEH
tv
eye 80
favorite 0
quote 0
transgender -- within the transgender community there are transgender people of phzvscolo with hearing deficits -- white -- hispanic transgender -- upper class, working class communities -- different experiences. there's also a difference between trance males and trance females and how all these play in. number one, we are here, we have been here and we're successful and we're growing to that idea to address your question of people kind of understanding that there's nothing wrong with us. we're not someone that -- whose lives should be degraded -- or that we should be degraded. we're people and we're successful and we're organizing. >> can you share your life experience with the audience -- in a sense -- we need to understand what made you who you are. how do you define your self. >> i absolutely define my self as a man. i don't necessarily always fit into the trance male ideal in the sense that i'm incredibly norm ative. i have incredibly norm ative values. i have just always been masculine. i tried to pretend i would be feminine and it was horrible. it didn't work out well at all. >> did it s
transgender -- within the transgender community there are transgender people of phzvscolo with hearing deficits -- white -- hispanic transgender -- upper class, working class communities -- different experiences. there's also a difference between trance males and trance females and how all these play in. number one, we are here, we have been here and we're successful and we're growing to that idea to address your question of people kind of understanding that there's nothing wrong with us. we're...
65
65
May 29, 2013
05/13
by
KQEH
tv
eye 65
favorite 0
quote 0
. >> so what we've got, mom maham if i'm understanding you, we have a deficit of real economic growth, why hasn't the sort of experimental policies that have been undertaken by central banks around the world, why hasn't it produced growth, can it , and what happens if it doesn't. one is the liquidity gap where you're in a situation where you have to put a ton of liquidity in there in order to trigger response. two, we will have structural impediments so we emerge from the crisis healthier. we can walk at an economy at 2%, but we can't sprint because of a structural impediment and third, there are genuine question marks about what will the tax system look like in two to three years so companies are holding back. if this continues and if we don't get the response that allows companies to drive up their revenues and maintain their profits then we will have an issue because prices would have disconnected too far from fundamentals. >> all right. what does all of this mean for investors and what they should be doing? number one, you run the world's largest bond fund. i want to know what you
. >> so what we've got, mom maham if i'm understanding you, we have a deficit of real economic growth, why hasn't the sort of experimental policies that have been undertaken by central banks around the world, why hasn't it produced growth, can it , and what happens if it doesn't. one is the liquidity gap where you're in a situation where you have to put a ton of liquidity in there in order to trigger response. two, we will have structural impediments so we emerge from the crisis...
104
104
Aug 13, 2013
08/13
by
KQEH
tv
eye 104
favorite 0
quote 0
the reasons for the shrinking deficit, slow but steady economic growth, higher taxes, less government spending and the turnaround in the bailed out washington run mortgage giants, fannie mae and freddie mac. >>> this will be a big week for fresh data about the u.s. economy. those reports will be closely watched not only by investors but by the policy makers at the federal reserve, as they decide if and when to begin tapering their economic stimulus program. steve tells us what's on this week's calendar, and which reports are most important to fed chairman ben bernanke and company. >> good evening. a big week for economic data, that will go a long way toward figuring out whether the economy is strong enough for the federal reserve to ease back on the support its giving. we'll get a read on the consumer with july retail sales tomorrow morning, and economists are looking for a modest but still healthy gain. later in the week, wall street looks for relatively tame inflation numbers, both from producers and consumers. for the number of americans, jobless claims remain low. that's just a bi
the reasons for the shrinking deficit, slow but steady economic growth, higher taxes, less government spending and the turnaround in the bailed out washington run mortgage giants, fannie mae and freddie mac. >>> this will be a big week for fresh data about the u.s. economy. those reports will be closely watched not only by investors but by the policy makers at the federal reserve, as they decide if and when to begin tapering their economic stimulus program. steve tells us what's on...
119
119
Jan 5, 2013
01/13
by
KQEH
tv
eye 119
favorite 0
quote 0
it's the health care problem, it's the entitlements issue, it's debt and deficits. all of these are not things that suddenly happened in the space of a couple months. these are long term problems that people were warning about years and years ago and yet we didn't respond back when the problem was relatively small and relatively easy to fix. instead we have this tendency because of this short term myopic focus to put those kinds of problems on the back burner until they become so big it requires much more wrenching change to try to deal with them. >> so if the president asks you to suggest what he should say, to send him a draft of what he should say about climate change in his upcoming state of the union message, what would you urge him to do? >> i would ask him to do two things. one is to say i have consulted with the nation's leading climate scientists including the national academy of sciences which exists to guide the nation on science and science policy. and they all tell me, all of them tell me that this is real, that it's human caused, it's a serious problem
it's the health care problem, it's the entitlements issue, it's debt and deficits. all of these are not things that suddenly happened in the space of a couple months. these are long term problems that people were warning about years and years ago and yet we didn't respond back when the problem was relatively small and relatively easy to fix. instead we have this tendency because of this short term myopic focus to put those kinds of problems on the back burner until they become so big it...
89
89
Mar 16, 2013
03/13
by
KQEH
tv
eye 89
favorite 0
quote 0
they did have a deficit last year. it is not for the big non-profit institutions on an $80 million budget. >> there is a big tour next week. a strategic time to go on strike. >> brilliant time to go on strike. it creates real brinkmanship. the orchestra has canceled each concert at the very last minute. they are saturday and sunday. they have yet to cancel those. they are supposed to leave on tuesday. they would like results by then. the good news is they are negotiating right now. i got a text a few minutes ago from the pr staff at the symphony. they are renegotiating for six hours. they were at it 13 hours yesterday. that's a good sign. >> health care is on the table. why would health care -- health care costs are going up for everyone. are they more vulnerable to health problems? >> it is good for people with kids and wives have to pay a little bit. single fmusicians don't have to make contributions. they have repetitive stress problems. violinists do this with their necks. if they can't perform physically, they can
they did have a deficit last year. it is not for the big non-profit institutions on an $80 million budget. >> there is a big tour next week. a strategic time to go on strike. >> brilliant time to go on strike. it creates real brinkmanship. the orchestra has canceled each concert at the very last minute. they are saturday and sunday. they have yet to cancel those. they are supposed to leave on tuesday. they would like results by then. the good news is they are negotiating right now....
123
123
Apr 11, 2013
04/13
by
KQEH
tv
eye 123
favorite 0
quote 0
republicans, sort of middle of the road republicans in the senate is most especially to tame the nation's deficit. it includes sit reduction over the next decade, achieved through higher taxes on the wealthiest americans. and as expected, there's a reduction in payments to medicare providers and cut backs in cost of living increases so social security sip yenrecipien the proposal doubles tax cigarettes to fund a new preschool program. mr. kruger welcome back, great to have you with us. >> thank you. >> one of the biggest items in the budget are the savings, some $230 billion, largely from slower growth of social security benefits that come from using a different kind of inflation measure. whose benefits will be reduced and on average by how much? >> the proposal to switch to use the changed consumer price index is an idea that came up in the negotiations with speaker boehner and senator mcconnell. it's a technical fix. it addresses some issues that economists have raced in the past about the consumer price index and the congressional budget office concludes that it grows about a quarter of a perc
republicans, sort of middle of the road republicans in the senate is most especially to tame the nation's deficit. it includes sit reduction over the next decade, achieved through higher taxes on the wealthiest americans. and as expected, there's a reduction in payments to medicare providers and cut backs in cost of living increases so social security sip yenrecipien the proposal doubles tax cigarettes to fund a new preschool program. mr. kruger welcome back, great to have you with us. >>...
122
122
Oct 5, 2013
10/13
by
KQEH
tv
eye 122
favorite 0
quote 0
trying to strike both notes saying yes we can't keep fault but yes, we need concessions on spending and deficit reduction to do that. the challenge is the speaker is late to making that demand. the republicans have spent a lot of time on obamacare demands, now they are moving to the budget, a more promising zone but late in the game. >> you know, john, you know washington inside and out and you know the rhetoric between both sides and parties. you interviewed president obama this week. what is your take? are you sensing about how much longer this will go on? >> suzy, i think it will go up until mid october, the treasury says october 17th when we hit the debt limit. i wouldn't expect it to be resolved much more than midnight on the 16th and, you know, there are various scenarios being discussed. there is no negotiation process but i talked to a republican member of congress yesterday speculating if we agree on a process of budget negotiations to occur after the debt limit is raised, that might be something we can consider a victory and on the debt limit there is some talk of potentially suspendi
trying to strike both notes saying yes we can't keep fault but yes, we need concessions on spending and deficit reduction to do that. the challenge is the speaker is late to making that demand. the republicans have spent a lot of time on obamacare demands, now they are moving to the budget, a more promising zone but late in the game. >> you know, john, you know washington inside and out and you know the rhetoric between both sides and parties. you interviewed president obama this week....
77
77
Jan 19, 2013
01/13
by
KQEH
tv
eye 77
favorite 0
quote 0
interesting time in our history, after 9/11 post hurricane, dealing with infrastructure challenges and budget deficits and we need to expand our tax base and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate. but, most agree better education and visas for the scientists we train in the u.s. is a good start. and, remember what i.b.m.'s myerson said about continuity: it's just as important to a country, as it is to a company. >> the moment you believe there is no danger of losing your edge is when it disappears on you. >> reporter: suzanne pratt, "n.b.r.," at the watson research center. >> susie: be sure to join us on monday for our special edition on american innovation. that's it for us this friday evening. have a great weekend everyone. you, too, tom. >> tom: goodnight, susie. we'll see you online at nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
interesting time in our history, after 9/11 post hurricane, dealing with infrastructure challenges and budget deficits and we need to expand our tax base and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate. but, most agree better education and visas for the scientists we train in the u.s. is a good start. and, remember what i.b.m.'s myerson said about continuity: it's just as important to a country, as it is to a...
50
50
May 4, 2013
05/13
by
KQEH
tv
eye 50
favorite 0
quote 0
a lot of that has been cut back with the huge budget deficits that the state ran. the biggest political thing with fire in california right now is this fire fee. jerry brown signed a bill in 2011 that charged every rural homeowner $150 a year to pay for more firefighting equipment. a lot of the rural homeowners are not particularly excited about paying more taxes. they have fought it. and the howard jarvis and california taxpayers association have really opposed it, and they're filing lawsuits. that may be overturned. >> paul, is there a dispute about whether or not this is due to climate clang? is this another example of climate change? >> that's a really good question. i don't think scientists are willing to say that this year's very dry spring is a direct result of climate change. but these are the kind of conditions that we're going to be seeing a lot more of, more frequently. what's caused this meteorologically is there's been a high pressure zone that built up over the west coast starting basically after new year's, and it acts like a wall. all the storms tha
a lot of that has been cut back with the huge budget deficits that the state ran. the biggest political thing with fire in california right now is this fire fee. jerry brown signed a bill in 2011 that charged every rural homeowner $150 a year to pay for more firefighting equipment. a lot of the rural homeowners are not particularly excited about paying more taxes. they have fought it. and the howard jarvis and california taxpayers association have really opposed it, and they're filing lawsuits....
41
41
Oct 19, 2013
10/13
by
KQEH
tv
eye 41
favorite 0
quote 0
and now the fiscal deficit is four percent of gdp, it's fallen by about seven percentage points in the last three years. so, it's a massive shift. the, and yet the economy's growing. so, i actually am quite confident, you know, if nothing disastrous happens in this sort of area that we might see two or three years, maybe longer, of really strong growth in the us. and it will look a very, very good post crisis recovery. >> but the sequester, which began earlier this year, is supposed to deepen in the new year in 2014. that's not promising. >> well, this is where the budget discussions go. i don't know what deal they will do, but i would hope that they would focus on where the issue really lies which is the very long term, way into a 2020s and 2030s, focusing particularly on the health costs issue which is the core fiscal issue in the us and not tighten the sequester. indeed they should get rid of it, they should have a more rational budget process. i think actually the us is clearly cutting the economic functions of the government too far, it's basically being reduced to just defense in
and now the fiscal deficit is four percent of gdp, it's fallen by about seven percentage points in the last three years. so, it's a massive shift. the, and yet the economy's growing. so, i actually am quite confident, you know, if nothing disastrous happens in this sort of area that we might see two or three years, maybe longer, of really strong growth in the us. and it will look a very, very good post crisis recovery. >> but the sequester, which began earlier this year, is supposed to...
97
97
Apr 29, 2013
04/13
by
KQEH
tv
eye 97
favorite 0
quote 0
. >> there was some compromise in january over the, over the deficit. were you encouraged by that? did you get an adrenaline shot when you -- >> no. and unfortunately. and here's the reason why. i mean, first of all, of course, we knew that the leverage was with president obama in this case -- not with people trying to hold something hostage, because inaction here would mean sharp tax increases across the board. and after that, the president can come back and say, "i want to propose the biggest tax cut in history for everybody except those making over $250,000 a year." so you could -- it was clear there would be some kind of a deal that would emerge, whether before or after. one of the things that was discouraging about this is it happened very late in the game, of course, as we know. it was joe biden meeting with mitch mcconnell and coming up with a plan. but here's the plan that gets 89 votes in the senate, including some of the icons of the conservative wing of the party which is really a radical wing of the party, from pat toomey to jim inhofe and tom coburn. and it goes to the
. >> there was some compromise in january over the, over the deficit. were you encouraged by that? did you get an adrenaline shot when you -- >> no. and unfortunately. and here's the reason why. i mean, first of all, of course, we knew that the leverage was with president obama in this case -- not with people trying to hold something hostage, because inaction here would mean sharp tax increases across the board. and after that, the president can come back and say, "i want to...